Form Your “Benefit Corporation” to Ward Off Hecklers?

Seven states have come up with or are ready to legislate the abiiity for companies to incorporate so-called “benefit corporations.”

These allow the governing board of directors to consider environmental and social goals while doing conventional business.

These objectives fly in the face of good business practice while being a good business citizen. After all, the primary function of any business is to make a profit by filling a consumer need, all the while providing jobs for workers at wages and benefits the company can afford, for its purpose and existence and its continued growth. It’s understood it will also be a good corporate citizen.

The “benefit corporation” hocus-pocus is to avoid hecklers and provide dubious public relations. (See the Earl J Weinreb NewsHole® comments.)